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AES Corporation (AES) Surges: Stock Moves 7.4% Higher

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The AES Corporation (AES - Free Report) was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading within a volatile range of $10.06-$11.81 in the past one-month time frame, showed a sharp increase yesterday.

The move came after the company reported better-than-expected earnings for the fourth quarter of 2017.

The company has not seen any estimate revisions in the past month and the Zacks Consensus Estimate for the current quarter also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

AES Corporation currently has a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.

A better-ranked stock in the Utility - Electric Power industry is CenterPoint Energy, Inc. (CNP - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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